Audit
Querist : Anonymous
and net profit is 185000 audit is required ?
In case of business - Rs. 1 crore
In case of professionals - Rs. 25 lakhs
Since you are carrying on business and your turnover is less than Rs. 1 crore, you are NOT required to get your accounts audited.
Querist : Anonymous
Accordingly you are NOT required to get your accounts audited.
Querist : Anonymous
Querist : Anonymous
net profit is 2500000 (25 lack) how income tax calculation ?
Querist : Anonymous
Tax = 25 lakhs*30% = 7,50,000
Add: Cess 3% = 22,500
Total Tax = 7,72,500
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
but i don't know how devide salary
150000 free i know
Querist : Anonymous
Querist : Anonymous
What is the amount mentioned in the partnership deed?
The partnership deed has to mention an amount to be paid to the partners as salary.
Querist : Anonymous
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